Lending

Whether you're buying your first home, your next one, or refinancing your existing home loan, it's an exhilarating journey. However, it's natural to feel overwhelmed by the complexities and unfamiliar financial and legal processes involved.

At this pivotal moment, making the right decision is paramount, and that's where we come in. With our extensive experience in assisting clients in this area, you can trust that you're in capable hands.

To begin, we'll thoroughly assess your total income, financial commitments, and savings. Securing financial approval is essential before you can confidently make an offer on your first home.

Throughout the process, we'll offer you a comprehensive range of options and unwavering support, ensuring you can make the best-informed decision and ultimately obtain the keys to your dream home.

The best part is, our services come at no cost to you. As we are remunerated by the lender when your home loan settles, our focus is solely on finding you a competitive home loan that perfectly aligns with your needs and aspirations. Your satisfaction is our ultimate reward.

Here is what we can do for you: 

- Educating you on where to buy a property 

- Helping you negotiate on the property

- To structure your loan 

- To educate you about the terms and conditions you need to have in the contract 

- Educating you about all the extra costs and hidden fees involved 

- Estimating the repayments 

- To help avoid unwanted surprises so that they don’t take a toll on your budget - Educating on why do you need pre-approval 

- Helping you pay off your home loan earlier

Talk our friendly and professional team of mortgage brokers today! 

We can help you refinance, whether it’s for your existing home loan or if you’re looking to switch from another bank.

 
How does refinancing work?

‘Refinancing’ means taking out a new home loan with a different lender to replace your current loan. Sure, it can mean filling out some paperwork just as you did when you applied for your old home loan, but a small effort can reap big rewards. That’s because plenty of lenders are saving their cheapest rates for new customers. By sticking with your old home loan you could be paying a costly home loan loyalty tax – money that comes straight out of your pocket and into your lender’s.

 
When and why should you refinance?

If you’ve only recently taken out your home loan, you can be confident your EZ Financing broker recommended the loan best suited to your needs – and you’ve got a pretty good deal. 

 
However, home loans should never be a ‘set and forget’ part of your life. That’s why EZ Financing brokers offer each customer an annual home loan review. If you’ve had the same loan for several years or longer it’s definitely time to see how it stacks up against the broader mortgage market. 

 
Chances are you could save with a lower rate. Refinancing isn’t just about scoring savings. It can also help you achieve important personal goals. 

Switching to a new loan can be a way to access home equity, providing low cost funds to buy a new car, renovate your home, or invest in a rental property. 

Refinancing can also help if you’re juggling multiple debts. Folding a variety of different debts into a single home loan means making just one repayment each month. And, as your home loan is likely to have the lowest interest rate of all your debts, consolidating your debts this way can lower your total monthly repayments.

We Will Assist You To Make Sure You Are Choosing a Product That Suits You 

We won’t just choose the lowest interest rate for you, we will sit down with you and discuss your financial wishes for the future ie – wishing to purchase an investment property down the tracking, understanding that you may need to go as a guarantor in a few years, wanting to retire at a certain time. 

 
We will also, run an analysis to ensure it is worth and beneficial for you to refinance your loan. If we cannot get a better result for you, we will always be upfront and tell you.

Whether you are a first-time investor or a seasoned investor with a large portfolio, we can help you with your strategy, compare potential investment loans and find the right property investment loan that will maximise your return.

 
We believe property investing can be a great way to build wealth and a passive income to support your future. With smart property investment you can achieve financial freedom and have the choice about when and how you retire!

 
We will review a range of different lenders on your behalf, to see who will be the most suitable(often it is not your current bank).

 
We will guide you through from the start, to a successful outcome when your loan settles.

Building a home is a complex process that involves multiple parties including Builder, Lenders, Solicitors. With so many people involved in the process, there’s always the possibility of a communication breakdown and things may go wrong.

 
We can help you secure Construction Loan Finance so you can build the home of your dreams. Your dedicated broker will take care of every aspect of the construction progress payment process to ensure that everything runs as smoothly as possible during the construction phase of building your property.

 
What are Construction Loans? 

Construction Loans are specifically designed for people building a property. A construction loan is a progress based loan, where instead of receiving the full loan at once, amounts are received at specific points throughout stages of the construction process. 

 
The good thing about this is that you only pay interest on the amount you have drawn. This means you don’t begin making full repayments until your house is complete. 

 
How Building Loans Work ?

When it comes to construction loans then the amount isn’t given in lump sum instead, it is given in portions as the construction works progress, which is known as progress payments or draw-downs. 

 
With every stage of construction the next portion of the loan can be drawn down. Before, the progress payments, there has to be made a deposit or down payment to cover the initial cost of the material required to start constructions. 

 
Post the deposit, there are 5 stages in which the progressive payments are received: 

- First Stage: Slab down or Base 

- Second Stage: Frame 

- Third Stage: Lock-up 

- Fourth Stage: Fixing or Fit-out (roof) 

- Fifth Stage: Completion (lock up) 

 
The build process can be grouped into 4 steps: 

- Building contact 

- Building plan 

- Council approval 

- Quotation

 
The beauty of working with the team at EZ Financing is we can find the most suitable loan for your situation.

Banks often impose challenging hurdles for business owners seeking to borrow money. They demand tax returns, notices of assessment, and letters from your accountant, making the loan application process incredibly daunting.

When it comes to obtaining a self-employed home loan, most lenders typically require a minimum of two to three years of self-employment history, though some may consider applicants with just one year of self-employment. Even if you have been self-employed for less than a year, there are still borrowing options available.

For further details and personalized information, please don't hesitate to give us a call. Our team is ready to provide you with the necessary guidance and support you need.  

So you’ve decided to renovate your home but undoubtedly have a lot of questions about how to fund it. You might be wondering how much you can spend, what you can afford to repay, whether the bank lends you enough to pay for your renovation and how you pay the builder.

 
We will show you how to get your finances ready to apply for a loan and advise you how to manage your budget through the renovation.

 
Ways to finance your renovation: 

1. Construction Finance A home loan designed to suit your major renovation project: 

Looking at rebuilding or expanding your home, or doing other major renovations? You may want a new home loan specifically designed for financing a construction project. With most home loans, you borrow a single lump sum at the start. With construction financing, your home loan is paid out out in what are called ‘progress payments’

2. Add Loans Financing that ‘tops up’ your existing home loan: 

Existing variable rate home loan customers can consider an "Add Loan" this will increase the amount of your current home loan by the amount of your renovation financing, subject to credit approval. Your repayment amount will increase, but your loan term and type won’t change. It’s easy to manage and you’ll have all the benefits of your current home loan built-in.

3. Equity Financing A new loan based on your current home equity: 

Your home equity is the difference between your home’s value and the balance of your mortgage. With an Equity Loan, you can use your equity to take out an additional loan. By keeping your renovation financing separate from your current home loan, it can be easier to track and manage your reno costs. Plus, with a new Equity Loan, you can choose a different type of loan to your current home loan.

Debt consolidation is a valuable financial strategy that involves combining multiple debts into a single loan, providing a more manageable approach to repayments and enhancing overall financial well-being.

If you find yourself struggling to handle various debts, including credit cards, debt consolidation could be an excellent choice for you. It offers the opportunity to streamline your obligations and potentially reduce monthly repayments by securing a lower interest rate.

One effective option for debt consolidation is refinancing your home loan. Since home loan interest rates are typically lower than those of other debt types, utilizing your mortgage for consolidation could lead to significant savings and lower overall monthly repayments. This approach enables you to take advantage of your home's equity to improve your financial situation.